The total amount of investments in European fintech fell from $27.3 billion in H1 2022 to $11.2 billion in H1 2023.
In the midst of the global fintech market downturn, the crypto and blockchain sector managed to become a leader in investments in a number of major European markets.by the Amsterdam-based fintech venture fund Finch Capital, Europe, Middle East and Africa region experienced a 50% drop in fintech investments in the first half of 2023. The total amount of funding fell from $27.3 billion in H1 2022 to $11.2 billion in H1 2023.
However, crypto businesses stand out in the overall picture, gaining a leading position in investments attracted across several large markets. In the United Kingdom, the blockchain and crypto sector grabbed a 28% share of all the deals, struck in fintech in H1 2023. This number is even higher in the Netherlands — 35% of all deals. In Germany and France, the crypto’s share constitutes 27% and 29% respectively.
Despite the bearish tendencies in fintech as a whole, the interest of investors in the digital economy appears solid. According to another recent report, 24% of asset management firmsMoreover, some crypto companies still report significant gains. For example, European digital asset manager CoinSharesMagazine:
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